Cumulative drainage fund; tax levy
Applied in 1 court decision — leading case Board of Commissioners of Clark County v. Indiana Department of Local Government Finance (2015)
Most recently applied in Board of Commissioners of Clark County v. Indiana Department of Local Government Finance (April 2015)
As added by Acts 1981, P.L.309, SEC.101
Sec. 100. To provide money for a cumulative drainage fund established under section 99 of this chapter, the fiscal body may levy a tax in compliance with IC 6-1.1-41 not to exceed five cents ($0.05) on each one hundred dollars ($100) of assessed valuation of all taxable personal and real property:
(1) within the corporate boundaries, in the case of a municipality; or
(2) within the county but outside the corporate boundaries of all municipalities, in the case of a county.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.